Why Entrepreneurs Often Fail

                       

Highly creative entrepreneurs often build a business from scratch and do extremely well quickly, expand rapidly, only to see their business suddenly fail. There are generally three major reasons for such failure.

One: Many entrepreneurs are poor planners from the start. They often lack an efficient business plan, to guide them in their financial start-up planning.                                           

Two: They lack sufficient funds. Because of poor planning many are in the dark about the amount of capital they will need.

                       

Three: Many entrepreneurs are incapable of managing a rapidly expanding business, or getting an adept manager who can. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)